(Bloomberg) -- Carl Icahn is getting breathing room from banks more than two months after Hindenburg Research disclosed its short-selling report against the billionaire’s investment firm, the Wall Street Journal reported. Icahn, 87, has borrowed billions against his shares in Icahn Enterprises LP, raising the prospect of a margin call if the price keeps sinking. Icahn Enterprises shares rose as much as 4.6% in premarket trading on Monday. Icahn has $3.7 billion in loans and hasn’t liquidated investments to meet margin calls, the newspaper said. Most Read from Bloomberg Businessweek©2023 Bloomberg L.P.

Source: Wall Street Journal July 10, 2023 11:22 UTC